💰OCC Proposed Rule Changes for Liquidation Risk Management and GSP
The OCC has proposed revisions to its liquidity risk management framework, specifically regarding the accounting processes for Guaranty Substitution Payments (GSP). These changes aim to improve accuracy in financial assessments related to defaulting Clearing Members, ensuring that the OCC better manages its liquidity demands and reduces unnecessary resource collection from its members.
Learn More📈SEC Designates Lengthy Review for Franklin Crypto Index ETF Rule Change
The SEC has announced a notice regarding the proposed rule change to amend listing and trading rules for the Franklin Crypto Index ETF. This change would permit the staking of Ether held by the Trust under existing regulations. The amendment seeks to enhance investment opportunities while ensuring thorough consideration of associated issues.
Learn More🏛️SEC Sunshine Act Meeting on Compliance and Investor Claims
The Securities and Exchange Commission will hold an Open Meeting to discuss matters including amendments to Form PF and a policy statement on arbitration provisions for investor claims under federal securities laws. This meeting will be open to the public and available via webcast, emphasizing transparency in regulatory proceedings.
Learn More💼SEC's FICC Proposes New Collateral-in-Lieu Offering Rules
The SEC has released details on proposed rule changes by the Fixed Income Clearing Corporation to establish a new Collateral-in-Lieu offering, expanding access to clearing services for registered investment companies. This change aims to improve operational efficiency, reduce costs, and facilitate trading by allowing for done-away transactions and eliminating double margining requirements.
Learn More💰SEC Review of Bitwise Dogecoin ETF Proposal and Implications
The Securities and Exchange Commission (SEC) has designated a longer period for action on a proposed rule change to list and trade shares of the Bitwise Dogecoin ETF under NYSE Arca Rule 8.201-E. This action indicates the SEC's intention to further evaluate the implications of cryptocurrency-based investment products for the market.
Learn More📊Cboe EDGA Proposes Small Retail Broker Solutions and Fee Waivers
Cboe EDGA Exchange aims to enhance access to market data for small retail brokers by introducing a Hosted Solutions Program and revising eligibility criteria. The changes include notable fee waivers, making market data distribution more financially accessible for smaller broker-dealers and promoting competition within the retail sector.
Learn More📊Cboe Unveils Monthly Fees for All Cancels Market Data Report
The Securities and Exchange Commission published a notice regarding the Cboe C2 Exchange's proposed rule change to adopt fees for the All Cancels Report. This new market data product will aid Trading Permit Holders in understanding cancel behaviors and will assess a monthly fee of $1,500, which is intended to provide enhanced insight on trading activities.
Learn More📈Proposed Change to Rule 900.3NYP Enhances Market Order Execution
The SEC published a notice regarding NYSE American LLC's proposed rule change to amend the handling of Market Orders by eliminating a validation that resulted in order cancellations. This change is aimed at improving execution opportunities, benefiting local interests and maintaining market integrity.
Learn More🏦Federal Reserve Notice on Bank Holding Company Mergers and Acquisitions
The Federal Reserve System announces applications for the formation, acquisition, and merger of bank holding companies under the Bank Holding Company Act. The public can inspect applications and provide comments, emphasizing regulatory compliance and transparency. Specific applications for mergers, such as SunMark Bancshares, Inc. with Wheeler Bancshares, Inc., are highlighted for stakeholder awareness.
Learn More🔓OFAC Notice
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons who have been removed from OFAC's List of Specially Designated Nationals and Blocked Persons (SDN List).
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